Western Areas clarification
August 11 - 17, 2008
THE earlier published story on Western Areas’ cash costs was incorrect, with the error the fault of Goldman Sachs JBWere. GSJBW’s amended report on Western Areas says the following: “In order to compare (Western Areas’) costs to other nickel producers, we need to adjust this for the payability. We understand that other nickel juniors receive revenue for about 65% of the contained nickel, ie 65% payability. We believe that Western Areas have more favorable terms and assume this to be 67% and thus convert the costs including the smelting and refining charge to arrive at a comparable $A/lb cash cost for 4QFY08 of about $A3.20/lb compared to the $A2.15/lb on a contained basis. We note this is lower than its peer group.”
Feedback: ironing out the bugs
February 4 - 10, 2008
Dear Editor, It is refreshing to hear a CEO such as Tom Albanese outlining his vision (see HighGrade cover story January 28 - February 3 edition).
Finding the right niche
November 26 - December 2, 2007
JUNIOR iron ore contenders hoping to be successful could do worse than study parallels between the iron ore industry and the wheat industry in Australia.
Mt Keith: a different recollection
November 12 - 18, 2007
IN THE cover story article “Tunnel Vision” you have quoted an unnamed source, presumably associated with WMC regarding Mt Keith and its early problems.
Feedback: Tyre pressure still rising
April 23 - 29, 2007
MICHELIN is making strides to better respond to booming (mining) market demand in several ways.
Generation X feedback
April 9 - 15, 2007
I WAS really pleased to see the results from across the board. Those of us who have “survived” longer term in the mining game tend to be pretty positive. Support and encouragement has certainly increased among the female ranks in my experience.
Following the leader
November 30 - December 6, 2006
LEGISLATION banning a nuclear industry that doesn’t exist: is it incredible foresight or “medieval book-burning”?